12, THE AVENUE, GILGARRAN, WORKINGTON, CA14 4RD - £392,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 THE AVENUE is a very large extended detached house of 266m², built sometime between 1976 and 1982, which could now be worth an estimated £421,506. It was last sold for £392,500 in July 2022, which was around 51% above the average July 2022 detached price in the Cumberland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

12 THE AVENUE Sold Prices

Land registry data shows four sales for 12 THE AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the four 12 THE AVENUE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 8 JUL	£392,500	£259,511	51% above HPI
2016 29 APR	£345,000	£209,510	65% above HPI
2004 17 DEC	£255,000	£169,302	51% above HPI
1999 1 APR	£147,500	£75,155	96% above HPI

12 THE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The four 12 THE AVENUE sales between April 1999 and July 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2016 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the July 2022 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 12 THE AVENUE be worth now?

12 THE AVENUE might now be worth an estimated £421,506.

This is based on house price inflation of 7.4%, between July 2022 and March 2025, for detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.4% inflationary increase is applied to the most recent sale price for 12 THE AVENUE of £392,500 on 8th July 2022. For the value to have increased from £392,500 to £421,506 over the three years and four months to March 2025, the following assumptions must hold true:

• The value of 12 THE AVENUE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The July 2022 sale price of £392,500 represented a fair market value for the property.
• The size, condition, and specification of 12 THE AVENUE has not materially changed since July 2022.

How Large is 12 THE AVENUE?

12 THE AVENUE is 266m², which includes four extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses houses in Gilgarran, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gilgarran, and where 12 THE AVENUE lies on this distribution: 95% of detached houses houses are smaller than 12 THE AVENUE, and 5% of houses are larger. Note that EPC data is not available for all properties in Gilgarran.

12 THE AVENUE: Plot and Title Map

12 THE AVENUE sits on a plot of roughly 0.435 of an acre, or 1,761m². The below map shows the location of 12 THE AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 THE AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 THE AVENUE?

12 THE AVENUE is located in GILGARRAN, in the CA14 postcode district. The below map shows the position of No. 12 on THE AVENUE.